7424 27th Ter Phoenix, AZ 85042

Listing details for 7424 27th Ter, Phoenix, AZ 85042 : RARE 2.25% ASSUMABLE VA LOAN - A FINANCING OPPORTUNITY YOU DON'T SEE OFTEN! With interest rates significantly higher today, this home offers a unique chance for qualified buyers to potentially save hundreds per month by assuming the seller's existing 2.25% VA loan (subject to lender and VA approval). The current loan balance is approximately $189,000 with an estimated monthly payment of around $1,200. Buyers would need approximately $241,000 in cash, secondary financing, or a combination of both to cover the difference between the purchase price and the assumable loan balance. Beyond the financing advantage, this well-maintained home offers comfortable living in a convenient Phoenix location. Enjoy a functional floor plan with inviting living spaces!